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28-29 June 2023, NRG Centre, Houston, Texas, USA

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28-29 June 2023, NRG Centre, Houston, Texas, USA

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INDUSTRY NEWS


21 Feb 2023


GLOBAL INDUSTRY LEADERS BACK GEOPURA WITH SUBSTANTIAL INVESTMENT



Leading global industry players have invested £36 million in UK-based green
hydrogen specialist GeoPura, with the round of funding led by GM ventures and
co-led by Barclays Sustainable Impact Capital, with further contributions from
SWEN CP and Siemens Energy Ventures. These renowned investors are also offering
GeoPura their strategic partnership as the company looks to further expand its
hydrogen generation technology.

Currently, GeoPura is supplying hydrogen energy an impressive list of customers
committed to sustainability, such as Balfour Beatty, HS2, National Grid, and the
BBC. With GeoPura’s Hydrogen Power Unit (HPU) replacing conventional diesel
generators, the firm is paving the way for zero-emission energy and a more
sustainable future.

With hubs in Nottingham and Newcastle upon Tyne in the UK, the £36m
will allow the company to mass manufacture
hydrogen powered units (HPUs) alongside its partner, Siemens
Energy. This effort seeks to increase the production of green hydrogen to fuel
the units, expand green skills throughout the UK, and contribute to the global
deployment of the technology.

The company is aiming to deploy a fleet of over 3,600 HPUs by
2033, replacing the use of carbon emitting power sources
and mitigating the equivalent of over six million tonnes of CO2
emissions. To meet the requirements of customers,
GeoPura intends to create and distribute a range of products
to address power demands of all sizes. They are working in collaboration with
their new partners to bring forth the
technology required to accelerate the process of decarbonization.

To meet the requirements of customers, GeoPura intends to create and distribute
a range of products to address power demands of all sizes. They are working in
collaboration with their new partners to advance the technology needed to enable
decarbonization.

Andrew Cunningham, CEO of GeoPura, said: “We have secured the right mix of
investors, forming strategic partnerships that not only provide the funds to
enable us to scale rapidly, but also the skills and resources to accelerate the
transition to zero emission fuels. With the support of our investors we can help
turn the market on its head and build a green hydrogen economy this decade, not
next.”

“The need for green hydrogen energy solutions is expanding as a wide range of
customers move toward replacing diesel-powered sources,” said Wade Sheffer,
Managing Director, GM Ventures. “Our investment in GeoPura demonstrates our
focus on scaling breakthrough innovations that can advance sustainability, while
supporting GM’s progress toward an all-electric, zero-emissions future.
GeoPura’s HPUs and GM’s HYDROTEC fuel cell expertise has the potential to
provide better energy solutions across industries.”

Image credit : GeoPura




View all Industry News
 * EU Commission Approves €460m to Support ArcelorMittal Decarbonise Steel
   

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OPENING TIMES

28 June 2023

Conference: 09:00 - 18:00
Expo: 10:00 - 18:00

-----------------------------

29 June 2023

Conference: 09:00 - 17:00
Expo: 10:00 - 16:30

VENUE DETAILS

NRG Center

NRG Park, 1 Fannin St, Houston, TX 77054, United States

ORGANIZED BY

Trans-Global Events Ltd, registered in the United Kingdom, registration
number 11575940

 

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